An analyst is trying to determine whether the prices of certain stocks on the NASDAQ are independent of the industry to which they belong. She examines four industries and, within each industry, categorizes each stock according to its price (high-priced, average- priced, low-priced). Industry Stock Price I II III IV нigh Average 16 8 10 14 18 16 10 12 Low 7 8 4 S Click here for the Excel Data File a. Choose the competing hypotheses to determine whether stock price depends on the industry. O Ho: Stock price is independent of the industry.; Ha: Stock price is dependent of the industry. O Ho: Stock price is dependent on the industry.; HẠ: Stock price is independent of the industry. b-1. Calculate the value of the test statistic. (Round intermediate calculations to at least 4 decimal places and final answer to 3 decimal places.) Test statistic

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I need help with part B-1 of this question. 

An analyst is trying to determine whether the prices of certain stocks on the NASDAQ are independent of the industry to which they
belong. She examines four industries and, within each industry, categorizes each stock according to its price (high-priced, average-
priced, low-priced).
Industry
Stock Price
I
II
III
IV
нigh
16
8.
10
14
Average
18
16
10
12
Low
8.
4
9.
Click here for the Excel Data File
a. Choose the competing hypotheses to determine whether stock price depends on the industry.
Ho: Stock price is independent of the industry.; HẠ: Stock price is dependent of the industry.
Ho: Stock price is dependent on the industry.; HA: Stock price is independent of the industry.
b-1. Calculate the value of the test statistic. (Round intermediate calculations to at least 4 decimal places and final answer to 3
decimal places.)
Test statistic
O 00 N
Transcribed Image Text:An analyst is trying to determine whether the prices of certain stocks on the NASDAQ are independent of the industry to which they belong. She examines four industries and, within each industry, categorizes each stock according to its price (high-priced, average- priced, low-priced). Industry Stock Price I II III IV нigh 16 8. 10 14 Average 18 16 10 12 Low 8. 4 9. Click here for the Excel Data File a. Choose the competing hypotheses to determine whether stock price depends on the industry. Ho: Stock price is independent of the industry.; HẠ: Stock price is dependent of the industry. Ho: Stock price is dependent on the industry.; HA: Stock price is independent of the industry. b-1. Calculate the value of the test statistic. (Round intermediate calculations to at least 4 decimal places and final answer to 3 decimal places.) Test statistic O 00 N
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